Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), hugs the outgoing governor Duvvuri Subbarao during the taking over ceremony at the bank's headquarters in Mumbai, in this ... more

Raghuram Rajan (L), newly appointed governor of Reserve Bank of India (RBI), hugs the outgoing governor Duvvuri Subbarao during the taking over ceremony at the bank's headquarters in Mumbai, in this September 4, 2013 file picture. Less than 24 hours in the job and he has already been dubbed "The Guv" by a gushing Indian media and portrayed as a suave James Bond-like figure coming to the rescue of the country's crashing currency. With the ink of his signature still drying on the oath that made him the 23rd governor of India's central bank on Wednesday, Raghuram Rajan, stunned investors by announcing a raft of measures aimed at shoring up the beleaguered rupee. His statement triggered a rally in the rupee and a surge in shares. After weeks of reporting bad news on India's economic slowdown and tumbling currency, media breathlessly cheered the 50-year-old University of Chicago economist, giving him coverage normally reserved for Bollywood A-listers. REUTERS/Danish Siddiqui/Files (INDIA - Tags: BUSINESS) less